Bitcoin.com News linked weakness across bitcoin miners tied to AI to insider selling, even as TeraWulf later unveiled a 20-year Anthropic lease projected to bring in about $19 billion.
The TEM AI Infrastructure Growth Index dropped 16% over the past month as insider selling came into focus among bitcoin miners expanding into AI infrastructure, Bitcoin.com News reported. One transaction highlighted was Beowulf E&D Holdings' sale of 275,000 TeraWulf shares on June 29 for about $7.3 million. TeraWulf later announced a 20-year lease with Anthropic that it said is expected to generate about $19 billion in revenue and support roughly 401 MW of IT load, underscoring the scale of the company's push into power-intensive AI data center capacity.